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To: ratan lal who wrote (16730)5/13/1999 11:21:00 AM
From: Annette  Respond to of 27722
 
". Because it generally takes the SEC 45 to 60 days to review an IPO filing, investors that closely follow the IPO market know that once an S-1 is filed, approximately two months will elapse before the first day of trading. This time period gives investors ample opportunity to research the company filing for IPO and make a decision as to whether or not to participate on the first day of trading --- the most lucrative trading session for most IPOs."